Mr. Cooper Group Inc. completed the acquisition of Roosevelt Management Company LLC for $28 million.
July 31, 2023
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Mr. Cooper Group Inc. (NasdaqCM:COOP) entered into a definitive agreement to acquire Roosevelt Management Company LLC on February 10, 2023. The closing is expected to to occur at midyear, 2023, following regulatory approval. Houlihan Lokey served as financial advisor to Roosevelt Management. Wachtell, Lipton, Rosen & Katz acted as legal advisor to Mr. Cooper. Mayer Brown acted as legal advisor to Roosevelt.
Mr. Cooper Group Inc. (NasdaqCM:COOP) completed the acquisition of Roosevelt Management Company LLC for $28 million in July, 2023.
Mr. Cooper Group Inc. provides servicing, origination and transaction-based services related to single family residences throughout the United States under the Mr. Cooper and Xome brands. The Company is also a home loan servicer and originator in the country focused on delivering a variety of servicing and lending products, services and technologies. The Company's Servicing segment performs operational activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, customer service, modifying loans. The Company's Originations segment originates residential mortgage loans through its direct-to-consumer channel, which provides refinance options for its existing customers, and through its correspondent channel, which purchases or originates loans from mortgage bankers. The Companyâs subsidiaries are Home Point Capital Inc., and Roosevelt Management Company, LLC.
MR. COOPER GROUP INC. 
